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Due to the services orientated nature of PaySpace we are able to offer you a service
that will make your life a whole lot easier when it comes to processing the physical
salary payments for your employees. This service will be of particular interest
to you if you paying your employees via internet banking or any other manual means.
PaySpace utilises the services of Netcash (www.netcash.co.za)
to process all EFT transactions. Netcash also deliver their services via the internet
and being an online provider ourselves we integrate with them seamlessy.
There are 3 benchmark reasons for utilising this facility:
- Most banks charge anywhere between R7.00 - R15.00 for a large payment, you will
only pay R3.00 for each transaction through PaySpace regardless of the amount.
- Save time - entering each employee's salary amount manually is time consuming.
- Eliminate finger trouble - By entering each employee's salary manually you run
the risk of mis-typing an amount and paying an employee incorrectly. PaySpace already
knows each employee's net pay amount and everything is handled electronically.
Step 1
First thing in the morning, two working days before your pay date you will receive
an sms as a reminder and consolidated statement via email that will give a breakdown
of the total of all your employee's salaries together with our fees.
Step 2
Netcash have bank accounts at all 4 of the major banks in South Africa (Standard
Bank, Nedbank, First National & Absa). You can pay the total amount reflected on
the statement into any of the 4 bank accounts, also provided on the statement, before
11am. You will confirm payment of this amount by visiting a link provided on the
statement and this will inform us that you have paid.
Step 3
The following morning we will confirm receipt of the transfer and will process all
of your employee's salaries so that they reflect in their accounts the following
day.
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